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Former executives from Casper and Rent the Runway have teamed up to fix the most nightmarish part of home renovation

<ul><li> Former executives from Casper and Rent the Runway teamed up to create Block, a company that tackles the nightmare of home renovation. <li><li> By coordinating every aspect of a remodel from start to finish, the company hopes to save homeowners time, money, and effort. <li><li> Block’s first phase is limited to bathroom renovations, but it plans to expand into other areas, including kitchens. <li><li> The company said its <strong> packages cost around 25%% less than the New York average, </strong> while delivering magazine-worthy results. <li></ul>

<p class="">Anyone who’s renovated a home knows <a href="https://www.nytimes.com/2018/03/30/realestate/how-to-avoid-a-renovation-nightmare.html" id="b4dd8ecf-3b96-30a4-ab05-fe0d6652edf6"> it can be a nightmare </a> . Pipes tend to burst, budgets run over, and workers occasionally run out on an unfinished project.</p>

<p class="">By far one of the worst elements is coordinating the endeavor from start to finish. Between securing the necessary permits, hiring an architect, and teaming up with a contractor, the process is almost always an uphill climb.</p>

<p class=""><strong> Read more: </strong> <a href="https://www.businessinsider.com/photos-what-its-really-like-to-flip-a-house-hgtv-2018-12?utm_source=intl&utm_medium=ingest" id="5943218d-1b5b-30f9-a9b4-679377487c60"> Photos show what it’s really like to a flip a house </a></p>

<p class="">Then there’s the cost to consider: A <a href="https://porch.com/resource/over-ambitious" id="7bdf0ac6-4786-3be9-ad1c-f574e952dee1"> recent study </a> from the home renovation network Porch found that, on average, homeowners save for six months to finance a renovation. Those earning $50,000 a year tend to set aside 10% of their income and that’s assuming a job will go according to plan.</p>

<p class="">In New York City, that’s often not the case. The city’s Department of Consumer Affairs found that residents <a href="https://www.nytimes.com/2018/03/30/realestate/how-to-avoid-a-renovation-nightmare.html" id="cedde71f-d85b-3ed0-a33e-4f467bea2a7e"> issued $1.5 million in fines </a> , and more than 1,100 complaints, against contractors in 2017 alone.</p>

<h> Solving a home renovation nightmare </h>

<p class="">For Koda Wang, the former chief customer officer at Rent the Runway, the process seemed "bewildering."</p>

<p class="">"Homeowners are facing a super-expensive, high-stakes, irreversible decision when they finance a renovation, he told Business Insider.</p>

<p class="">His new company, <a href="https://www.blockrenovation.com/" id="81945bb4-4414-3cb3-a1a2-cb28b7a00488"> Block </a> , aims to simplify the renovation process by handling each step and reducing the amount of time and money it takes to perform a remodel.</p>

<figure class="image" align=""> <img src="http://ocdn.eu/images/pulscms/Mjg7MDA_/5a6c35e8-1b4f-49ef-8313-3491b86fb111.jpeg" alt="Block home reno"> <figcaption>Block home reno</figcaption> </figure>

<p class="">Wang’s co-founder, Luke Sherwin, is part of the five-person team that created Casper, the online mattress company that’s now <a href="https://www.nytimes.com/2017/06/18/business/dealbook/casper-mattress-target-investment-initial-public-offering.html" id="7a41d6b2-0223-3cc6-aa90-c2a6f790817e"> valued at around $750 million </a> .</p>

<p class="">As a native New Yorker, Sherwin grew up watching his father renovate old brownstones in Brooklyn. While other kids were being gifted with piano lessons, Sherwin was being handed a set of tools.</p>

<p class="">Whereas his father aimed to make spaces more valuable, Sherwin hopes to make them more usable as well.</p>

<p class="">Block’s goal, he said, is to make the kind of high-end designs often found in magazines accessible to the average homeowner.</p>

<h> Block cuts back on expenses </h>

<p class="">Though home renovation isn’t as sexy of a problem as Sherwin and Wang are used to tackling, they find the project to be incredibly worthwhile.</p>

<p class="">You talk to homeowners and they’ve been saving for years to do these renovations," Wang said. "It’s their one shot."</p>

<figure class="image" align=""> <img src="http://ocdn.eu/images/pulscms/MWQ7MDA_/071bda2d-672b-460e-a4d7-8c9f72933dca.jpeg" alt="Block home reno 2"> <figcaption>Block home reno 2</figcaption> </figure>

<p class="">For its first phase, Block has limited its offerings to bathroom renovations, but plans to expand into other areas, including kitchens, flooring, and painting.</p>

<p class="">"We stayed laser-focused on promises we could keep," Sherwin said.</p>

<p class="">For now, the service will be available to residents in the greater New York and northern New Jersey areas.</p>

<p class="">While the <a href="https://www.homeadvisor.com/cost/bathrooms/remodel-a-bathroom/" id="ae0f3561-a3b7-3a9f-a154-dffc771e19e4"> average bathroom remodel </a> costs around $10,000, Wang said the cost could rise to $60,000 or more after hiring a designer or architect. If all goes well, a typical bathroom could be ready in about <a href="https://www.thespruce.com/how-long-to-remodel-small-bathroom-1821360" id="4724f857-a96d-39b0-a12e-91f50eb60139"> four and a half weeks </a> .</p>

<p class="">Block’s renovations start at $15,000, including the design, drawings, raw materials, fixtures, and construction labor. For those who want to customize their designs, the website features <a href="https://www.blockrenovation.com/estimator" id="30c740c2-3255-3cef-a489-25306bf0f9e5"> an online tool </a> that can estimate your renovation costs in less than five minutes.</p>

<p class="">The company said its packages are around 25% less than the New York average. By streamlining the process, Sherwin and Wang think they can save homeowners an average of $10,000, along with three-to-six weeks of construction time and 40 hours of their own personal time.</p>

<p class="">"The price point is a little bit lower than the New York average, but we’re delivering value that is far higher," Koda said.</p>

<p class="">A huge part of that value is avoiding a home renovation experience that Sherwin likens to "open-heart surgery."</p>

<p class="">NOW WATCH: <a href="https://www.businessinsider.com/psychology-trick-curb-appetite-lose-weight-2016-8?utm_source=intl&utm_medium=ingest" id="839320fb-dcc4-33d2-adf9-b515bb5de00f"> A Harvard psychologist reveals the secret to curbing your appetite </a></p>

<p class="">See Also:</p>

<ul><li> <a href="https://www.businessinsider.com/synthetic-biology-zymergen-raises-hundreds-millions-for-future-manufacturing-2018-12?utm_source=intl&utm_medium=ingest">A Silicon Valley startup with 26 patents under its belt just raised $400 million from SoftBank and Goldman Sachs to make materials from living things</a> <li><li> <a href="https://www.businessinsider.com/every-nasa-apollo-mission-in-history-explained-2018-12?utm_source=intl&utm_medium=ingest">50 years have passed since NASA’s Apollo 8 mission circled the moon for the first time here is every Apollo mission explained</a> <li><li> <a href="https://www.businessinsider.com/seoul-lotte-world-tower-skyscraper-fastest-elevator-2018-12?utm_source=intl&utm_medium=ingest">The most impressive skyscraper of 2018 has the fastest elevator in the world. Take a look.</a> <li></ul>

<p class=""><strong> SEE ALSO: <a href="https://www.businessinsider.com/couples-fight-during-home-renovations-2018-2?utm_source=intl&utm_medium=ingest" id="a26479ee-f87b-37de-a10f-5b2d17ebdbf3"> Having kids can turn every relationship issue into a fight and renovating a home might be just as bad </a> </strong></p>
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